However, vecchio (2006, p 226) argues that although some researchers found that cohesive groups are very productive, high group cohesiveness has certain bad outcomes.
Despite the odds, teamwork, which is considered the outcome of high cohesiveness of members in a group, considered to be the most effective methods in product development among the high tech industries.
In fact, team work is highly encouraged and a de facto culture for workplaces at Silicon Valley.
To get the most out of team work, project management and right leadership are important factors.
Unless team is properly managed the resource could be wasted.
Therefore, whether or not high cohesiveness in a group can result in improved productivity depends on how the group is managed.
Unmotivated employee in a group with high cohesiveness could demoralized the entire team and lead to reduced productivity, on the contrary, the group with high cohesiveness, assuming it is properly managed and members are motivated employees, could perform miracle to some aspect.
To my experience group with high cohesiveness that is properly managed and having motivated members have solve technical as well business issue that could be otherwise difficult solve within reasonable timeframe.
USA: Thomson Soth-Western [cited 19th August 2007]
Group Processes in the Classroom 8th edition.
McGraw-Hill Humanities-Social Sciences & Languages.
Aspects of Teamwork: Observed in a Technological Task in Junior High Schools.
Group Processes: Guide to the material: Six Cohesivness II.
Mutual funds are faced with a lot of expenses, among them are the contingent deferred sales charges.
This basically refers to the redemption fee that is reduced or eliminated for specified holding periods on a constant reducing rate.
A redemption fee is that charge that is imposed on any share that an investor wishes to sell off or to liquidate.
These charges differ in regard to the type of stock or share that one holds.
For that reason, an investor is called upon to first scrutinize the different types of stocks and securities there are under the mutual funds category.
Selecting these categories can prove to be quite a challenge but with the contingent deferred sales charges, the decision becomes easier to make.
Working with a financial advisor even makes the process much easier.
It is important that one gets to understand what these fees entail and how they differ from all the other fees that are bound to be charged on the investment.
The fees are in many cases given in percentages and are transaction based, and this applies to the CDSC fees as well.
Some of the other fees that go hand in hand with the CDSC fees include the 12b-1 fees, which is the charge that is paid for the cost of marketing and selling the fund.
The CDSC charges depend on the type of class the fund falls under.
For example, class A shares carry a front end load, meaning that, they are charged upfront upon liquidation or sale.
Class b shares have a back-end load, meaning that, the fees keep reducing over time, and the longer the share is held, the better for shareholder because, he can have reduced charging rates.
Class C shares carry an ongoing charge, which is usually in the form of the 12b-1 charge.
Whether your are a savvy investor in the stock market or not, you've probably heard the term "Mutual Fund.
" If you are like me a few years back knowing nothing about the ABC of stock investing, you probably might lost some of your hard-earned money in the money market.
But do you know how this 'mutual fund market' does work?
The performance of mutual fund depends mainly on the efficiency of fund manager who manages portfolio of stocks on behalf of investors.
So making an informed decision, choosing a rated and well-performed fund manager is absolutely critical to your success financially in the mutual fund market.
That's why you may need Basics Tips on Mutual Fund Investing.
So back to basics, mutual funds are a collection of stocks and bonds that are owned by a group of people rather than one individual investor.
First of all, it allows investors to buy in with considerably less money than it would take to purchase the same 'portfolio' on their own and it spreads the risks out there among a group of people should something go wrong.
In addition, because it isn't one single stock or bond or generally even one sector of the stock market, the risks of vanishing your money are reduced to a greater extent.
But always keep in mind that the market does perform worst and there could be deep cut occasionally in share prices.
It's true that there really is no method or strategy invented in investment market that is completely safe and without risks.
Mutual funds, however have lower risks than many other investment options, that makes them an attractive buy for those who lacks proper up-to date knowledge and skills in investment market.
In fact, mutual funds often have much better rates of return than the average savings account at your local bank and the risks are minimal in this type of investment, particularly compared to other more riskier ventures.
Additionally, if you have an idea of which sectors are performing well and strengthening the GDP growth, you are at an advantageous position of choosing a good and slightly riskier sectoral fund.
But make sure, always select a star rated company.
Diversification is one of the key ingredients of a healthy portfolio and mutual funds will help you get diversified portfolio in broader sense.
If you are young and just beginning your career and in no real hurry for retirement, this is the one of the safest ways to invest your money for the long term.
But most mutual funds do not have the high payoffs that many investors seek to include for their retirement planning.
There are essentially three types of mutual funds with some variations on each.
These funds are great for the long-term investor who has a slow and steady approach to investing that are better than leaving your money in a interest-paying savings account.
Second are the equity funds that provide slow growth over time with some income along the way.
And finally there are the fixed income funds that are created to provide a current income over time.
This is great for those who have retired or investors that are extremely conservative in nature.
We often hear or read about various success stories.
But what is success and what criteria should organizations use to identify success?
What factors lead to a successful project?
The purpose of this article is to define project success criteria, clarify their difference with success factors and analyse their importance in project management methodology.